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department of labor
Sep 21, 2016

One DOL Lawsuit May Have a Shot

In a hearing for insurance agency Market Synergy’s suit against the Department of Labor Wednesday, the group’s attorneys told the judge, ‘This is a....More
Jul 26, 2016

Securities Class Action Filings Up 17 Percent

More shareholders are taking their frustrations to court, with mergers and acquisitions driving a lot of new securities class action filings,....More
Jul 07, 2016

An Unexpected Peril of Going Independent: Employment Claims

Many independent advisors don’t know what’s involved in hiring employees, and it’s resulting in a fast-growing segment of RIA litigation: employment-....More
Jun 09, 2016

Pershing Launches New Resources to Help Firms Comply With DOL

At its annual INSITE conference, Pershing announced a collection of new resources to help financial services firms comply with the DOL's fiduciary....More
Apr 11, 2016

Weissbluth: DOL Rule Riddled With Loopholes

HighTower CEO Elliot Weissbluth says the Department of Labor’s rule waters down fiduciary and is riddled with exceptions, such as the one that allows....More
Mar 08, 2016

Inside an IRS Imposter Scam2

Someone claiming to be from the Internal Revenue Service called me twice today. Here’s what happened when I called them back....More
Mar 03, 2016

MetLife Can’t Shake SIFI Designation

Even after MetLife agreed to sell off its advisor force to MassMutual on Monday, the company could not wiggle free of its label as a systemically....More
Feb 29, 2016

Almost Half of Advisors Fired for Misconduct Rehired

Almost half of advisors who were fired from firms because of misconduct found new employment within the industry within a year....More
Feb 22, 2016

Vermont Beefs Up Cyber, Elder Abuse Safeguards

Under a new set of rules out of Vermont, RIAs must have written procedures around cybersecurity and report instances of financial abuse....More
Feb 18, 2016

FINRA Launches Information Sweep on Firm Culture1

The Financial Industry Regulatory Authority is asking more than a dozen broker/dealers to submit information on their policies and procedures that go....More
Feb 04, 2016

NASAA Updates Series 63, 65, 66 Exam Content

The Series 63, 65 and 66 exams are keeping with the times. The North American Securities Administrators Association announced Thursday the exams,....More
Jan 28, 2016

FINRA Plans Changes to Registration and Testing Rules

The Financial Industry Regulatory Authority will be working on a number of rule changes in 2016, including moving forward on its plan to revamp....More
Jan 26, 2016

IBDs Lagging in Cybersecurity Safeguards

When it comes to cybersecurity, independent broker-dealers lag the wider industry on utilizing basic safeguards to protect customer information and....More
Jan 14, 2016

Chamber of Commerce to Fight DOL Fiduciary Rule

The U.S. Chamber of Commerce said Thursday it will use every tool at its disposal to challenge the Department of Labor’s proposed fiduciary rule,....More
Jan 11, 2016

ETF, Variable Annuity Sales Top SEC's 2016 Watchlist

The Securities and Exchange Commission will be looking more closely at exchange traded funds and variable annuities this year....More
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Compliance, regulatory and legal issues, with a fair amount of cops and robbers for fun.

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